REI Lense

REI Lense

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$1,279 (target)

1505 60th Ave E, Cottondale, AL 35453

3 beds • 2 baths • 1180 sqft

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This property looks like a bad Long-Term investment with a projected -3.62% first-year return on $37,128 initial cash invested.

-3.62%

Cash On Cash

6.17%

Cap Rate

0.95

DSCR

$1,279

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,279 income − $1,391 expenses = $112 out of pocket

Income$1,279Out of Pocket$112Mortgage P&I$95775%Property Taxes$383%Insurance$635%Management$12810%CapEx$645%Vacancy$776%Maintenance$645%

Investment Breakdown

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Purchase Price

$177k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,128

Downpayment

20%

$35,360

Closing costs

1%

$1,768

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,279

Total Expenses

$1,391

Mortgage P&I

75%

$957

Property Taxes

3%

$38

Home Insurance

5%

$63

HOA

0%

$0

Property Management

10%

$128

CapEx

5%

$64

Vacancy

6%

$77

Maintenance

5%

$64

Other

0%

$0

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